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Chapter 155 Black Monday

"Beep~~!" A dull phone ringing rang through the quiet room. Mikhail rubbed his sour eyes and struggled to get up from the bed. He turned on the desk lamp, then picked up the phone extension receiver at the head of the bed, and sighed and asked, "I am Mikhail, please speak!"

"Boss, it's not good. There's a big problem with our testing work. They connected the transactions to the real environment. We..."

"Waste, what did you do? How much did you lose?" Mikhail was anxious when he heard this. Why was he so careless? What if he was discovered by the New York Stock Exchange?

"Boss, the current floating profit on the books is US$270 million, but we are testing the short selling strategy. Because of the sudden access to the program and centralized trading, the Dow Jones Index has been caused to a sharp drop by us. But if the index continues to rebound one by one on the week, our funds may be greatly lost!" Mikhail's subordinates explained anxiously.

"Tell me the truth, how much money is trapped in the stock market?" Mikhail asked patiently with anger.

"About 50...more than 5 billion US dollars!" his subordinate replied tremblingly.

"How much is it?" Mikhail asked in an atmosphere.

"Fifty,984,230,000..." the subordinate replied ashamedly.

"Call all relevant personnel back to the company immediately and discuss a countermeasure for me..." Mikhail hung up the phone after he said that.

Mikhail stood up from the bed with a strong energy, picked up his cell phone and called his housekeeper, then hurriedly dressed neatly and took the elevator to the top floor of the apartment. At this time, a helicopter had been waiting here for a long time.

Mikhail ran a few steps and got on the helicopter, and the plane quickly took off and flew towards the headquarters of Columbia Bank in Manhattan.

It's just a day off now, and the New York Stock Exchange is in the closing stage. There is still time left for Mikhail, but how to minimize the losses is what Mikhail cares about. No one can stand his inexplicable loss of a lot of money. Over the years, the Gorky Brothers have paid a lot of money to save this wealth. If he loses billions of dollars because of such a low-level mistake, Mikhail will never accept it.

Mikhail's helicopter flew in the night sky of New York. It was about twenty minutes before it landed on the roof of the Columbia Bank Building in Manhattan. When he got off the plane, the executive who had just called had been waiting in the cold wind on the roof for a long time.

"Have everyone arrived?" Mikhail asked as soon as he got off the plane.

"The person in charge of the high-frequency trading project has been arrived. In addition, all traders in the securities investment department have been notified to cancel their vacation and return to the company immediately!" the subordinate replied with a sad face.

The two of them walked into the elevator while talking. The elevator went straight to the floor where Mikhail's company was located. As soon as they walked out of the elevator, the noise of argument in the conference room came into Mikhail's ears.

When Mikhail walked into the conference room, it suddenly became quiet. Mikhail sat on the main seat and looked at everyone. After a long time, he said to his subordinates: "Tell me, what should we do next?"

"President, there are still more than ten hours before the New York Stock Exchange opens. I think we should make good arrangements and hedge after the opening (to do the opposite). In this way, although we will lose a lot of money, in this case, we have no better choice?" Someone first suggested to Mikhail.

"No, I don't think so! Trading must be bought and sold. I can't imagine who will go to our opponents when the market opens. And it's nearly 6 billion US dollars. If you want to hedge it in such a short time after the opening, the overall impact on the market is inevitable. The China Securities Regulatory Commission will definitely find our abnormal behavior..." Someone opposed it.

As the president, Mikhail does not need to think about countermeasures personally. He only needs to find out the most appropriate materials he thinks are from the suggestions of his subordinates. However, the two people who spoke just now clearly represent the two most common methods within the company, and both methods have their own advantages and disadvantages.

Bill Gross, who was sitting next to Mikhail in the venue, kept silent. Mikhail always valued Bill Gross's opinions, so after consulting other subordinates' opinions, Mikhail took the initiative to ask Bill Gross for advice.

"If six billion can make Dow Jones plummet by 5%, then how much does it cost to make Dow Jones plummet by 10%?" Bill Gross asked back.

"Forehead……?"

"I think why don't you wait and see. The worst plan is that we lost the money, but if the market is really good, I think six billion dollars will not be able to drop five percent." Bill Gross did not give a positive answer, but talked about the general trend.

"Mikhail will open for more than ten hours, but the global market should be more or less affected by us. After all, a 5% drop is still rare. We might as well wait until the Asia-Pacific stock market has a result and make a decision. I think these markets are of great reference significance for our decisions." Bill Gross said slowly.

There was no consensus at the end of the meeting, but Mikhail agreed with Bill Gross's point of view, that is, when you don't know what to do, try to let it go.

As time goes by, the global capital market has entered the trading time one after another. The first to ring the trading bell was the Australian stock market. Colombia Bank has no relevant branches in Australia, so it can only obtain the latest information on the local stock market by sending Bloomberg information. However, judging from the news that the Australian stock market only fell slightly without any abnormality. Before Mikhail could be disappointed, the branch of Colombia Bank in Tokyo sent a report, and the Nikkei index began to fall rapidly after the opening.

Two hours later, another important Asian market, Hong Kong stock market opened. Shortly after the start, the Hong Kong stock market began to plummet. In just half an hour, the Hang Seng Index plummeted by more than 300 points. Mikhail now understands that something happened in the financial market.
Chapter completed!
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